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. that is under current law, the law the president supports. he changed to make that, so it is financially feasible. our program would move us in the direction of premium support, which is what members of congress have. it will allow for a certain amount of money subsidy, a benefit check, if you will, for seniors to be able to utilize that to purchase what they want for themselves so they are able to have an insurance program that is much more responsive to them. as a physician, medicare patients are having a whale of a time finding doctors to take medicare. if you are a new medicare patients and your doctor prior to the agencies the five does not take medicare patients, you have a very difficult time finding a new dr. who will take a new medicare patient. one out of every three doctors in this country have limited the number of patients they are seeing. see no of every eight medicare patients at all. the program is flawed and needs to be reformed. we need to strengthen medicare. our guest,rice is republican of georgia. we are talking about budgetary matters. the numbers are on the screen.
, medical device century tax, on the healthcare law, so it's not as if we're immune. the bank thing is being waged in cyprus but it's not unprecedented. >> it's happened here before, neil. i you go back to the bank holiday act of 1933, they confiscated all the gold and sell very from private holders and then devalued the dollar. they just stole it. can that can happen here. >> neil: what would trigger something like that? >> you know, what happens there is a financial collapse elm if we keep running trillion dollar deficits, no growth, which is true, and we keep having these states with higher taxes and destroying output, it could happen here. it terrifies me. >> what would trigger it would be sharply higher interest rates when people -- in order to buy our debt. not talking about just a few points here but dramatically higher interest rates where it's impossible for us to pay our entire debt load. then becomes a point where we reach financial collapse. >> neil: when people don't trust their financial institution. but when it's your bank bank, your passbook savings account, that is called in
put up. again, we know that these budgets respect going to become law. so, why the exercise? what's the point? >> definitely this broke all records for a vote a rama, what we call these extensive 13-hour-long debates, more than 100 amendments that were considered. but it's -- working the will of the senate, frankly. and it also, one of the things that's key we focus on is some of the amendments that did or didn't pass because they are going to be used in some of these elections in 2014 in terms of the keystone pipeline, for example. that amendment did pass. >> bill, anna brings up a significant point, a lot of folks who have been talking about this idea that the lion's share of what we saw unfold last night over on c-span, a lot of that was designed for campaign ads a lot was just for campaign commercials what does that say about the budget process? >> it is actually moving forward because the democrats have finally said they do support raising tax, only on the wealthy americans but esensely, what's changed, they didn't pass a budget for four years, any budget threat they passed w
're not prosecuting them for long enough period of time and i think the issue here is this, we have to have laws in this country that people genuinely fear. and doing -- committing a crime with a gun in this country right now and the consequences that come with it are not feared by the criminals anymore. the guy that put a gun to me and i say this because it is personal, he many alreaalready convicted by the age of 22 of aggravated armed robbery with a gun. why is he out of prison to do it again? >> ben, i understand your -- listen, it is very personal for both of you. i appreciate all your candor and i appreciate your passion about it. i'm just playing devil's advocate here. >> sure. >> if the guns were not available, right, then would we be talking about this, ben? >> well, i think that you're implying as if we had some massive gun control, that -- >> just asking a question. i'm just asking a question because -- >> i'm being serious. here's my issue. >> we would be asking about knives, we had a problem with people burning people, we would be asking about that. >> here's my point. here's my poi
. they passed law after law after law and it has never been done. on both those issues, actual border security and stopping people from coming over illegally, and stopping visa overstays the government is in a mess. jon: the visa overstay ought to be a easy part. this is somebody presents passport and documentation and comes into the country and then disappears. >> especially after september 11th. they passed the patriot act con contained a provision about visa overstays. before that was done in the late '90s done after the first world trade center bombings. people come in, thererecord fort the federal government is not able to track them and find out if their visa expires and haven't left, then where they are. that is something almost at, at the starting point now. they just haven't been able to do it. jon: well i know that the senate proposals on immigration reform from say senator marco rubio and also senator rand paul put heavy emphasis on the border security. so where do those proposals go if we have no way of measuring whether the border is actually secure or not? >> rube yos people -- r
in the court of law here. the police have also sent blood samples of the six suspects for dna testing. those results of the dna testing will be submitted to the court once they're ready. police say the six suspects belong to a local tribe. they're actually known criminals. they have a history of alcohol trafficking and drug trafficking and they live very close to where the swiss couple was camping out that night. now, the swiss couple has been in india since early february. they're actually on the cycling tour cycling from the city of mumbai all the way north to tajmhal. this took place in a very remote part of the country. the crime was committed by criminals who are well-known. and, yes, something like this could have happened anywhere in the world, but still observers here say the fact that this is happening so soon after the delhi gang rape case does not put india in a good light. cnn, new delhi. >> that couple receiving medical treatment now, they're both willing to identify the suspects in the case. and they're actually going to stay at the swiss embassy in new delhi for quite a bit of
. the federal government with some of the changes in the new health care law is doing it and has succeeded in forcing it. i don't think it a huge leap that everyone seems to think, going after folks bank accounts there are a lot of more routes you can go to so wallop people through all sorts of means. >> andyprus there is an interesting debate with this plan going on, is it a basically a complication -- com come com n diego or a tax, governmenting take money from people who make things, government is taker people are makers, nobody will dispute that but whenanguage they use to describe when they take from makers. you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposi
of this country was supposed to vote ten hours ago to pass a law that would allow them to restructure the banks. we're still waiting. it's unclear if they are going to vote today at all. at the same time we're getting reports that maybe the european union is going to demand even more from this country. hours ago we were told by the leader -- the head of the leading party that they were extremely close to a deal and yet we still wait. the same time it's growing increasingly chaotic in this country's economy because the banks are still closed. they have been closed for seven days now. it looks like they will be closed for at least ten days. that means people running businesses can't do payroll, can't access their capital accounts. becoming incredibly difficult, become a cashless society because people are limited to 260 euros out of the atm. as a result, for example, gasoline stations only accepting the cash, the vast majority of them. some are accepting credit cards but only in limited amounts. we spoke with the owner of one gas station and he explained that his suppliers are demanding cash up f
for discrimination in this country, there is no room for discrimination in the law of the land. >> there is such optimism, will cain, among gay rights advocates that the u.s. supreme court will rule in their favor. are they right to be so optimistic, though? >> there are two separate cases. there is the one dealing with the defense of marriage act at the federal level and then the one dealing with proposition 8 in california. i do think all those people you show waiting out front assuming they're supporters of same-sex marriage can be optimistic about the defense of marriage act being struck down. but i don't think they should carry as much enthusiasm for the supreme court to yknock down prp 8. i think they will look for a narrow decision that affects possibility just the state of california and they will do that because they want to see the political process play out. they have seen through history with examples like roe v. wade that it's better for democracy to sort these things out than to come from the court. that's just a political analysis and prediction. >> and i hear yo
frank is a very large -- it is a complicated law. probably more complicated than i would have preferred, but it is what it is. at the heart of it is ending too big to fail, giving the government new tools to resolve large financial institutions when they feel in a way it will not hurt taxpayers and not subject them to risk. well, it forced losses on the shareholders and creditors of the large financial institutions, which is where they belong. it also requires the federal reserve board to have much tougher prudential standards, so higher capital, more stable liquidity, less reliance on short-term debt. those are the types of things that were problems during the crisis and the fed has been mandated to have better regulation to prevent banks from getting in trouble to begin with. the volcker rule, too, a key part, it was designed to prohibit proprietary trading by those institutions in the government safety net. if you're a bank holding company that has an insured bank that has fdic-backed deposits or access to the federal reserves discount window, you have a lot of government support pro
clinton, who signed that into law say that d.o.m.a. should be overturned and senator rob portman is citing his familiarity with this issue, his son is gay. how do you think this is going to play out in the 2014 midterms and then subsequently 2016 general election? >> well, alex, we've seen a clear shift in public opinion on this issue over the last ten years. it's been quite dramatic. all sorts of polls now, including the reuter's poll last week shows that the public supports gay marriage even civil unions. even in the south, the majority supports gay marriage or civil unions together. democrats are united on this issue. they say it's a big winner, especially among younger voters, and there's a real sort of active debate within the republican party about how to play this. there's a lot of people saying we've got to stop emphasizing these social issues because they are not working in our favor. however, if you're going to have a divisive 2016 primary, rick santorum is going to want to talk about that and that could really hurt them. >> do you think that will be the case in 2016? if you look
there except the room she booked for her in-laws. lee's parents could not get on board. >> what will we do? my in laws don't speak english and they don't drive. >> she couldn't leave them stranded in long beach, but there were no rooms available. so she did the only she could. >> i gave up my room to my in laws. >> linda and le expe their son watched -- and their son watched as the ship sailed away without them. the whole point of the cruise was left standing on shore. >> the trip was ruined. nobody could enjoy themselves because the star of the show wasn't there. >> what was worse this their luggage couldn't be retrieved and sailed off with the ship. y. >> i had nothing but the clothes on my back. >> they waited seven days in los angeles waiting for the ship to return and blakeing the -- and making the most of their time at home. >> she later found out carnival had mistakenly canceled the reservation. it happened when carnival was correcting the spelling of her mother-in-law's middle name. linda paid for that room and she she wanted her money back. >> they said it was coming in the mail and i
congress, think they can write any law, regulate behavior, and change any law. stuart: we talked about the situation, and, by the way, when the market opened this morning, the dow dropped 105 points, come back a lot, now down 36. maybe, charles, liz, maybe the market thinks that the cypress story is overblown, will not affect it, maybe not affect spain or italy artery. >> maybe not, you know, but certainly for people who have been really concerned with what's going on, with a government that buys 1.2 billion bullets, hires 16,000 new irs agents, a government that's spent a trillion more than they earn than brought in, it doesn't help. the people in this country who are afraid of losing their rights and liberty, it's scary. stuart: i want debt center stage, and it's not. >> it's not. it should be. it might be likely limited, but it shows there's nothing above political meddling. what used to be taboo is your deposits are safe from taxation. stuart: the time is up, butdagen, connell it's yours. connell: thank you, sir. dagen: if you bail out those depositors, why shouldn't they have to p
and a budget. let's face it, the president as a matter of law, budget october of 1974 requires the president to deliver a budget on or before february 1st, where is the budget. not the republicans problem. we are supposed to act off the president's budget that never arrived. >> megyn: i want to ask you, julie, you mentioned something interesting about how this is aimed towards recapturing the house of representatives in the next mid term election, 2014, and no biden did say, please, please work hard to elect 17 new house democrats. now, that's a serious longshot, it's a hail mary, and i'm not saying it can't hop, but this would be-- >> yeah, but so, that seems to be, the pundits came out and told us that's what president obama was aiming for with the charm offensive speaking to the american people, we're reasonable we can get things done. go with the democrats. and again, why would joe biden not just be going with that for now, knowing there are reporters sitting there, who are going to report what he's saying. >> i don't know. and i know when you speak for a political arm, any kind of polit
i see this issue. first off, starbucks is in compliance with the law that he is proposing. and secondarily, our business is really based on customization. and that customization is one of the reasons why we've been successful because people are able to customize their own beverage. i think americans and adults are old enough and mature enough to make their own decisions with regard to the customerization. we will comply with the law one way or the other. but the way the law was proposed, it did not cover what we do. most of our drinks are with milk, not with sugar. >> with milk, not with sugar. all right, let me ask you about that. there was a study, 180,000 obesity deaths in america, i'm sorry, worldwide, 22,000 in the united states can be linked to sugary drinks. that is a stunning number. so we looked at starbucks and i have to admit, there are drinks at starbucks i love but it means foregoing a meal. 57 570 calories, 80 grams of sugar. so coke is getting slaughtered. but don't you feel that you kind of have a problem, too? >> that particular beverage that you just talk
back in 2006. last year an appeals court struck down the law calling it unconstitutional. trace gallagher on fox top story. is he live in our west coast news hub this afternoon. trace, experts say the timing of this is pretty unusual. >> it's unusual, shep, because the supreme court as we know as you just said is dealing with a similar case and the working policy has long been if there is a similar case being worked on the court would rule on that case first and the lower courts would use that decision to rule on other cases like the michigan case. legal experts say this could be an indication that the high court is either struggling with the texas case, is about to maybe rule on the texas case, maybe as early as this week, or doesn't believe the texas case is broad enough in scope to have a major impact. one way or another on affirmative action. we should note that justice alayna kagan has accused herself because of conflicts of interest because of both of these cases, shep, if they end four-four, they go back to the appeals court. >> shepard: two cases, trace, very similar but
. guitars will not be sublt to the city's live music zoning laws. the store was forced to cancel a number of performances and group lessons all because of a zoning conflict. but they got the green light. all scheduled shows and classes will go on including a concert benefits st. jude's children's research hot. no alcohol, 80 people per show and no more than six concerts a month. >> protecting planned parenthood. a supervisor wants a 25 foot bumper zone set up to shield women from anti-abortion protesters. there's already a law that requires protesters to stay 80 feet away from the clinic. >> the effort here is to really strike the right balance between the right people have to express themselves and the right balance of the people, the right that they have to access health care, including reprublgtive health. >> planned parent hood is the big baby killing business. so we're here to save lives. >> he says he'll introduce his legislation tomorrow night. >> only on nbc, a 7-year-old girl is getting some serious praise from north bay firefighters tonight. her swift action helped prevent a big
gunman, 28-year-old evan ebel, just paroled in january, was a member of 211 crew. law enforcement have yet to publicly confirm the connection. the fear tonight -- the potential for more attacks from other gang members. abc news has learned the colorado state prisons have been put on a modified lockdown, as a security precaution until at least monday. the governor's mansion and state capitol have expanded security, following the murder. prison gangs are prolific across america. the american correctional association reports almost 14% of the prison population are involved in gangs. an estimated 200,000 inmates. investigators believe ebel may be linked to other murders. >> there's physical evidence in that car we want to try to recover and then compare to see whether or not we are on track at the crime scenes in colorado. >> reporter: a law enforcement source says they are not convinced that evan ebel acted alone, they are looking into whether he had an accomplice. a public memorial is scheduled tomorrow for clement. david? >> reena ninan in washington tonight. thank you. >>> in our natio
.com we put the law on your side. david: a 17-year-old startup was acquired by yahoo. nick founded the mobile news app at just 15, no official price was announced for the deal, but reports say it was just under $30 million, not bad for a 17-year-old. >> love that. also, an egg that might break the base cat. a new york bakery selling this three foot easter egg for $1,000, weighing 22 pounds, dark chocolate adorned with birds that were inspired by angry birds. >> number two, february new home sales, economists expect new sales to drop 3.4 #%. january showed a surge of 16 #.6% and median sales price dropped. >> february durable goods orders tomorrow. economists expect the items to rise by 3.8% following a drop of 5.2 #% in january. >> thank you for joining us, a pleasure to have liz back with us. >> thank you so much. happy passover to our jewish friends, and "money" with our melissa francis is next. >> investors bet that all is not well in europe, cypress scored the bailout, but the bulls slammed. speculation grew that the brutal terms of the deal may become common place in future ba
of time. and republicans should say they're not if favor of the law and who is the guy who laughs in the background? and that's canned laughter, clemente, kind of what they do on ""i love lucy"" we can't afford the entire audience laugh so we've got one person that laughs. press that button. (laughter) see, i told you. the factor tip of the day. one of the most common phrases in the english language is i'm sorry. we all say it because we all do things that aren't good. the problem is it's not enough to say i'm sorry, and children especially need to learn that. if you do something bad to another person, you need to make amends as well as apologize. so, here is the factor tip of the day, think back over the last few weeks and months and if you've hurt somebody, even if you've apologized, try to make it up to them in a concrete way. and going forward, i'm sorry should always be accompanied by some form of restitution. that will automatically make you a person with class. factor tip of the day. and that's it for us tonight. please check out the fox news factor website is different fro
and there are similarities and the one similarity on this trading floor is look at the gm bankruptcy in the rule of law in the pecking order of financial liabilities, are there similarities? does it rhyme? there's definitely a little anxiety here and how it works is out anybody's guess. right now safety doesn't seem to be as rampant as one would expect. look at a two-day chart of ten and certainly we're down a handful of basis points, but if you open the chart up year to date you can see the pattern and it hasn't been violated that much and we're in a seven-week low yield and look at the backyard of cyprus and you see a different picture and these are ten-year booms and look at year to date and we're making new year to date low yield on the boom because the comp is it's under 140 close on december 31st. let's switch gears here. let's look at a november 1st start date to the euro. you can see that the euro right now is hovering at the lowest levels based on the close that we don't yet know about december 7th. pearl harbor day and it was comping back to november because it isn't on its lowest levels. if
. chicago leads the nation, doesn't it? caller: yes, it does. i am a law-abiding gun owners. i have raised my kids properly. but i do not want to see my rights taken away. host: thank you. justin, tennessee, good morning. caller: good morning, sir. how you doing? host: good, thank you. caller: we are talking a lot about guns. with video games we are talking a lot about freedom of speech. these things have been sacrosanct for a long time. what you find when we look at these studies is we really need to look at our monetary policy. as peopleppening is begin to lose purchasing power and cannot buy the things that they need -- this is a direct, indirect relationship to what the bankers have accomplished with stealing how much money from our economy at gunpoint? we look at this socioeconomic issue and as it becomes worse, you are looking at a high correlation of rates. the interesting thing is we have to stop and frisk. mayor bloomberg, of course. we look throughout the world and we see all these places where people are fighting for their rights. we actually have a constitution that has histori
at this saying, this time it's about the russian oligard. but if you don't follow some rule of law on these -- >> one more thing, barclay's, one of the few houses putting out research over the weekend put out this bar chart to show the size of the relative costs of banks bailing out the banking system based on gdp. look at cyprus. it is so outside. ireland comes next and greece. spain, italy. they don't even come close. there's 600 billion euros of senior debt in italy. >> three practical questions. first, there's a bank holiday today. there's a bank holiday technically tomorrow. >> probably. >> if you want to get your money out of cyprus, you can't. >> impossible. >> two, when there was a crisis in -- when we thought there was a true crisis going on in italy and spain, corporationes and some institutional investors put their money in, but retail did not for the most part. so what happens in cypress and what happens across the board? even in the u.s. whether we have -- it's called runs. >> why do you touch anybody under the insurance level, though? >> i agree. that's where the writ
, pushing senators to make background checks on all gun sales the law. national rifle association boss wayne law peer is hitting back hard, pointing out the mayor's recent failed plan to limit sugary sodas in his own city. >> they don't want him telling what food to eat. surely they don't want him telling them what firearms to buy. >> but the assaults on the gun lobby are coming from many fronts. in newtown, connecticut, where the school massacre took place, some families are complaining they received nra robocalls like this one posted on the huffington post web site. >> your state senator will play a key role in determining whether the connecticut general assembly will pass legislation restricting your gun rights. >> and president obama is weighing in, too, using his weekly radio address to push a ban on assault weapons, a limit on the size of ammunition magazines, and stepped-up background checks. >> they're supported by a majority of the american people, and i urge the senate and the house to give each of them a vote. >> still, the chief reason we're seeing so much activity right now is t
! >>> >>> the tiny island of cyprus sets off big scare with plans to set off the rule of law. they want to tax all bank depositors large and small to pay for a bailout. this has never happened before.e are in trouble. if nothing happens, optimism runs the show. cyprus is the money ground for dirty money from russia and other rogue nations. the government of cyprus is scared to death of insulting vladimir putin. we'll have an expert who will play this scenario out for us. "the kudlow report" begins right now. >>> first up, let's get the latest on the cyprus report. michelle joins us by phone. >> good evening. the details are changing, but the one core fact important to investors is true. for the first time ever in the european crisis, portions of bank accounts will be seized in order to pay for a bailout. cyprus agreed to this to get a 10 billion euro loan to bail out their banks. what is still unclear and controversial is whether insured deposits will also be seized. original plan was if you had an account in cyprus with less than 100,000 euros, would you have to pay a tax even though it falls bel
people and middle class people that use cyprus because of the rule of law, common law, the double tax treaties we have. it's a mistake to think that it is a very special class, of very rich people. these russians have their lawyers, their accountants, many of them have their families living in cyprus. they have their friends. we have a relationship that can with stand a shock like this. >> bearing that in mind, are the banks going to open on tuesday morning? >> i cannot say that. i cannot say that. it's always a mistake to say something like this when you are not completely sure. there is a lot of work to be done. but they will open very soon. >> and how long do you intend to use the capital controls? >> that also i cannot answer. but, again, our objective to keep them as limited and as short as possible. >> and finally, you bypassed the democratic process of a parliamentary vote with this field. will you consider tendering your resignation when you get back to cyprus? >> no, no, we did not bypass the poll. we passed a number of laws two nights ago. we have kept party leaders ip forms
had an opportunity that is mr. sandusky to testify in a court of law where he's under oath and subject to cross-examination. he opted not to do that. and so to do something self-serving now is another matter. but as to the other issues coming forward, you know, whenever you're talking about a cover up at the highest level, it's a matter who have knew what when. i don't think he has nuch creen credibility, that is sandusky, to weigh in, but there is also civil proceedings that are ongoing and i think ultimately it's in the school's interests to dispose of this, dispose of it quickly and on get the good name back that penn state and the students who go there deserve. >> i'm glad you brought up the civil, as well. it's not just outstanding criminal issues. and millions of dollars at stake. the two of you say put if you would for me. because coming up, another big case by the name of amanda knox. thought you were done? no way. $4 million in book advance money later, and after being set free, an italian supreme court may want that young woman back in country to face murder charges all over
if they are used by law enforcement. you mentioned that people think you are crazy if you are for jones. but what about the privacy base? think about it. police five helicopters over your house now. they have cameras. do you have a problem with that? they are useful and valuable as a law enforcement tool they can help look for lost people and bad guys and their quick on their response. the fuel and maintenance costs is lower than the cost of a helicopter. as a pilot, i want them flown on the under the watchful eye of the faa. but let's help law enforcement do a better job of keeping our neighborhoods safe. melissa: thank you, tom. be sure to catch it at seven and 10:00 p.m. on saturday and sunday, the tom sullivan show. i will be a guest this weekend. happy friday and thank you for joining us. have a great weekend. >> welcome, i am shibani joshi and four gerri willis. we will tackle the new blackberry. as i don't have anything to worry about? we will discover and talk about that as well. and the faa starts to close air traffic control towers. we will tell you how that can affect your travel plans
institutional reforms in terms of italy, still rigged labor laws, very hard to start a legitimate business, same thing in spain. so they've done very little of the reforms to revive these economies. instead they just borrow more and more and more. and pile on more taxes. it's a recipe for kwlure seeing unfold in sigh pulse are -- for what you're seeing unfold in sigh pulse are. >> politicians have struggled to -- sigh pulse are. >> poll -- cyprus. >> politicians have struggled with that. the united stateses is to move about half of its 100 international staff out of syria because of concerns for their safety. the decision comes after mortar shells fell near their hotel. the most -- most of the distribution work is now carried out by syrian staff themselves. u.s. secretary of state john kerry made an unannounced visit to afghanistan and vowed to stick by president hamid karzai despite mr. karzai's hostility toward the u.s.-led military efforts in the country. earlier this month the afghan president accused the u.s. of can lewding with the taliban -- colluding with the taliban. italy's highest cou
his challenges to voter i.d. laws in south carolina and texas. >>> we move on to business. today cypress' parliament will hold an emergency vote to approve bailout terms. it appears the country's law patients would not approve that measure which would result in a loss of much-needed funds. what it means for the rest of europe? we chenlg in with steve sedgwick live in london for us. good morning. >> very good day to you. just when you think europe's getting its act together another crisis comes along. we've had greece, spain, italy, ireland, portugal, now cyprus, the sec-smallest nation wind the european union. what is different about this potential bailout is the original cost is around 18 billion euros for the imf and cb but they want to get the costs down by taxing depositors. this would be the first time this is done. basically anyone who's got money in their account would have a levy before they can get to their money. today is a bank holiday. if you had under 100,000 euros in your account, every penny would have a 6.8% tax on it. if you have over 100,000 euros, a 9.9% tax. i
. at legalzoom.com we put the law on your side. melissa: as we do every 15 minutes, let's check the markets. sandra smith is on the floor of the new york stock exchange. sandra: across the board, it seems like people are definitely shopping. tiffany shares of 2.5% right now. they did report that they see a lackluster first quarter. they are talking about the first quarter that we are in. that playing out and that nike shares are hitting a 52 week high. those gross margins that investors are really chewing on. that unexpectedly move into years. nike finally doing something right. >> we were talking about those margins. sandra smith, always, thank you. the senate gearing up for a long night. which edson is in washington, d.c. what do you have for us, rich? rich: this is the first time we have seen this in years. since budgets are mostly nonbinding spending blueprints and do not have the force of law, these amendment votes are forcing democrats and republicans into political choices. they will probably fail as one budget cuts trillions in spending imbalances in ten years. the other does not. >
the european markets. here, unprecedented and contrary to the insurance laws, and the rule of law concept, they are taking the money from the depositors. what faith will they have now, aside from cyprus, what are the other member states and their deposits have to say? remember, the concept of the eu was to have a unified national union of sorts. in this country, if we had one state or one bank going under, we wouldn't expect all the depositors throughout the united states and every bank to contribute. on the contrary. >> now, i understand that about half of the depositors are russians. which is also interesting. >> well, and that's the backstory. >> give me the backstory. >> my interpretation of the backstory is, if you recall, the troika, sneao to speak, has bee looking for an alleging of laundering money. it's been going on, they've been looking for this and nothing's been found. it's like accusing someone of a crime and expended so much time and energy and not finding it and now they've got to extract some basis of retribution. >> so it's basically like saying, we know you've been mone
at the borders to make sure people aren't bringing out large amounts of cash. normally under european law, that would be prohibited. but there are exceptions for emergencies. it's going to be pretty tough here over the next couple of days, larry. and if they don't come up with a deal, which people still think is actually quite possible, this could be a situation where we're talking about a country leaving the euro. but we're not there yet. back to you. >> all right. many, many thanks, michelle caruso-cabrera, we appreciate the update. you'll continue to give us live reports tomorrow on cnbc throughout the day. meanwhile, the finance minister of cyprus will present a plan to russia tomorrow that apparently would have the oil and gas company restructure the cypriot banks in return for full natural gas exploration rights. of course, this would bail out the russian money launderers and other depositors in the cyprus banks. no doubt, russia is invested in this crisis. the country reportedly keeps $19 billion in personal deposits in cyprus. nobody knows what that means. nobody knows what the pa
aren't following the law. >>brian: he says the money should be poured into school security so they won't have soft targets. with adam lanza, they said he taught about this attack for two years and picked that school because he knew it was an easy target. >>steve: in addition to the $12 million worth of bloomberg's money, on wednesday they will have 100 events across the united states. it will be national day to encourage action. >> there is one lucky truck driver who at 10:00 a.m. eastern time will be cashing in on his winning powerball ticket. it is sold in new jersey. they are going to be revealed today. look what is going to happen when he takes his check in borden town. >>steve: altogether the powerball ticket is worth $338 million. but when you figure out your tax bite, 46.1%. about half goes to federal and new jersey state taxes if he does take it in the lump sum, he will take home $221 million. >>brian: how do you live on that? >>steve: how do you? unfortunately, for the tax bite, it is $11 million more than it would have been last year because of that increase in taxes on peopl
. they will take up the defense of marriage act. both laws ban same-sex marriage. a decision will not come until later this year. >>> "the new york times" had a really interesting article saying a lot of the people in line are paid place holders in that line. >> i wouldn't be surprised. >> i think there are 50 seats people are dying to get their hands on. >>> $13 billion deal in place to bail out cyprus. the european union agreeing to rescue the island nation from economic collapse. the plan shrinks cyprus' bloated banking system and account holders at some banks with balances over $100,000ure yoez, they could suffer heavy losses. it calls for dismantling of the popular bank of cyprus with shareholders and bond holders expectsed to be wiped out. >>> one lucky powerball winner is holding a tickets worth $338.3 more this morning. it was sold in new jersey. it is the fourth largest jackpot and powerball history. the lump sum payout, $221 million. here are the winning numbers from saturday in case you have that ticket. 17, 29, 31, 52, 53, powerball is 31. >> sigh. not me. >> sigh. not me. i lot of n
to be treated with dignity, respect, and equality under the law." how much roberts' personal relationships might affect his decision on same-sex marriage is an open question. paul smith has some insight he's an openly gay attorney who argued one of the landmark cases involving gay rights striking down laws banning sexual relations between same sex couples. before that, he was also a clerk for justice lewis powell. >> "i think it has some impact on people to know family members and friends who are out and gay and happy and functioning in society. on the other hand its not by any means going to be a good predictor." >> reporter: we'll find out starting tuesday, when the court hears the challenge to proposition 8 -- california's same-sex marriage ban. that challenge is brought by california couples including jeff zarillo and paul katami.who say they have a right to marry just like heterosexual couples. and that the state's domestic partnership lawsarent good enough. >> "the term marriage is important it has global recognition no one celebrates a domestic partnershipversary. they celebrate an annive
with faux fur when they contained real fur. it prohibits the retailer from violating those laws for 20 years. >>> total number of mortgage applications subpoena applied for in the u.s. fell. shows refinance index declined 8% from the previous week. >>> fox sports announces a 12-year deal with the new big east basketball conference the cable network is set to make its debut august 17th. it will include partnerships with the msg and msg network. that is today's speed read. david: well the fed announcing it will continue pumping money into the economy while leaders in washington still can't balance the budget. our next guest spent years battling policies like these when he was congressman. will his legacy live on. joining me in fox business exclusive, the man, the legend, former congressman dr. ron paul. dr. paul great to hear from you. what have you been doing with your time when you left congress? >> waiting for you to call. i'm delighted for you to hear from you. david: we'll call every day. you will get sick of me. >> i've been pretty busy traveling, talking about, what other thing can i ta
, it was not the observance of the law, but the justification obtained by the faith which abraham, cane from his desend dents the promise of inheriting the world. for that reason, since all depends on faith, all is grace, and so, the promise is assured for all of his descendents. not only for his legal descendents, but also for the descendent that is born from the faith of abraham who is the father of all of us, so says the scripture, i make you the father ofpeeplopl "people"s. that which calls into existence that which does not exist, abraham believed, relying on all hope, that he would become the father of many nations according to what he had said, thus will be your descendents, and for this reason, his justification was valid. >> people will notice that the readings are about fatherhood so nathan and david, the fatherhood of abraham and the gospel about jesus' foster father, joseph. >> and we've had one in english, one in spanish and the gospel will be in greek. >> very beautiful that the gospel is in greek, its original language, of course, but also on to the east in terms of reaching out to the eastern
's law. the next supreme court justice nominee is certainly going to be asked did you pay your sales tax on your internet purchases. and the answer is likely to be no. this will be the equivalent of the old nanny taxes. this is an efficient way of collecting taxes owed. plus let's face it, state governments have a lot of expenses. they have police, firemen and they have to pay for them. >> by taxing? >> it's not fair to compete with brick and mortar retailers. they have to pay it. >> it took a little while but we finally smoked it out. he wants the state to have more revenue for spending. i want you to follow up, grover on what he's saying. is it true all these republican governors really want this? >> well, no. some governors want higher taxes that other people will pay. they'd love to have the federal government pass a law that gave them money and they'd go, oh, look, i don't have any fingerprints on this tax increase. if they wanted to steal this money themselves from their own citizens, they could do that yesterday. this is all a big goldberg contraption to get money out of other peo
followed by a grand coalition with a narrow mandate, including to change the electoral law is the most likely venue. >> how pressing is the need to change electoral law so that if there are fresh elections held, there would be a clear outcome the next time? >> i think it's important. it's important because if they set up in a way in which they stable the larger parties, central right and central left, it will make the outcome of elections more likely to be stable for the next time around. and i think the incentives may be aligned in that respect to play against the pakistan movement. so we think that -- and also it's just needed a 51%. solo it's never easy, we think this time around incentives might be aligned for that change. >> okay. and still italy's market holding up reasonably well ahead of all of this. details on that hopefully out later on today. >>> ahead on the program, oecd's secretary calling for calm over cyprus. do you think the country will leave the eurozone? find outway told cnbc when we come back. impact wool exports from new zealand, textile production in spain, and t
and italian time, the italian supreme court considering this case is only supposed to focus on the rule of law. in other words, the reasoning behind the ruling that set amanda knox free, and there is no new evidence, no new witnesses supposed to be considered. but courtroom observers say they did in fact go over all of the old evidence, including the knife and the bra clasp their did or did not have increme nateing dna. those in the courtroom say, this ruling could go either way. listen. >> i think if i had to place a bet, i wouldn't do it. there's just no telling how it could go. i saw body language on both sides that indicated to me, it could go this way, and then it could go the other. reporter: this is confident. there are no cameras allowed inside the supreme court so unlike when she was acquitted when the ruling comes down it will not be broadcast live. >> shepard: in italy, they can overturn an acquittal. reporter: exactly right. double jeopardy doesn't apply there. so if that happens, then the italian government would have to push the u.s. government to get amanda knox and i do ited, a
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